Ethiopian Securities Exchange
Capital Market News
The stories moving Ethiopia's capital market: new listings, regulatory changes, and trading activity on the Ethiopian Securities Exchange.
Ethiopia Turns to T-Bill Rollovers as Government Pushes Longer-Term Debt
Ethiopia is increasingly refinancing maturing T-bills as it targets 329 billion Br in domestic borrowing and pushes longer-term government debt.
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Ethiopia’s Licensed Investment Banks Reach Nine as ECMA Approves D&T Upgrade
ECMA has granted D&T Ethiopia an Investment Bank license, raising the number of licensed investment banks in Ethiopia to nine.
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Interbank Rates Jump as Ethiopia’s FX Auctions Pull Birr From Banks
Ethiopia’s interbank rates jumped as FX auctions pulled birr from banks, with overnight borrowing exceeding the NBE’s 16pc policy rate in August.
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Enat Bank Registers 6.8 Million Existing Shares With Capital Market Authority
ECMA has approved Enat Bank’s registration of 6.8 million existing shares, marking another step in Ethiopia’s developing capital market.
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Wegagen Capital Posts 46.6 Million Birr Profit as Investment Banking Activity Accelerates
Wegagen Capital posted a 46.6M birr pre-tax profit in FY2025/26 as revenue surged to 141M birr and securities trading activity expanded.
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ESX Names Yodit Kassa CEO as Founding Chief Tilahun Esmael Steps Down
ESX names Yodit Kassa CEO as founding chief Tilahun Esmael steps down, marking the exchange's first leadership transition since its 2023 launch.
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ECMA Registers More Than 14.7 Million Shares Across Three Financial Institutions
ECMA registers 14.72 million shares across Hibret Bank, Nib Insurance and Meba Microfinance, including 400,000 new shares.
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Who Is Listed and Trading, and Who Is Just Registered?
Which companies are trading on Ethiopia's Securities Exchange, and which are only registered? Banks Ethiopia examines the gap between ECMA approvals and...
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Ethiopia Targets ETB 197 Billion in T-Bills as Borrowing Costs Fall
Ethiopia plans to raise ETB 197.2 billion through first-quarter Treasury bill (T-Bills) auctions as yields fall and market-based monetary policy reforms gather...
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Bank of Abyssinia Joins ESX Main Market, Marking Milestone for Ethiopia’s Capital Market
Bank of Abyssinia officially joins the Ethiopian Securities Exchange Main Market, strengthening Ethiopia's capital market and expanding investment opportunities.
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Wegagen Bank Registers Additional 3.88 Million Shares With ECMA
ECMA has registered an additional 3.88 million existing Wegagen Bank securities, strengthening compliance with Ethiopia's capital market regulations.
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Ethiopian Capital Market Authority (ECMA) Registers Sidama Bank Shares
ECMA has registered 1,447,002 existing Sidama Bank shares, advancing compliance with Ethiopia's capital market regulations.
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ECMA Licenses Three New Capital Market Firms, Bringing Total Service Providers to 21
ECMA has licensed three new capital market firms, raising Ethiopia's total licensed capital market service providers to 21 as the securities industry...
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Gadaa Bank Cleared to Issue One Million New Shares After Profit Doubles
Gadaa Bank has received ECMA approval to issue one million new shares after more than doubling annual profit and expanding its capital...
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How to Form an Investment Bank in Ethiopia: Capital, Licensing and Talent Requirements
How to form an investment bank in Ethiopia: ECMA capital requirements, licensing steps and staff qualifications, compared to global standards like FINRA...
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ZamZam Bank Wins ECMA Approval to Issue One Million New Shares
The Ethiopian Capital Market Authority has approved ZamZam Bank to issue one million new shares after registering five million existing shares.
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Prime Capital Joins Ethiopian Securities Exchange as Eighth Trading Member
The Ethiopian Securities Exchange has admitted Prime Capital as its eighth trading member, expanding brokerage services and investor access.
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Bunna Bank Registers More Than 64 Million Shares Under Ethiopia’s Capital Market Framework
Bunna Bank has registered more than 64 million shares with the Ethiopian Capital Market Authority, marking another step in capital market development.
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Ethiopia’s Capital Market Faces Growing Pains Amid Push for Public Participation
Ethiopia’s capital market faces slow public participation, shallow liquidity, and regulatory pressure as ESX and ECMA push ambitious financial reforms.
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ECMA Warns Public Against Unregistered Share Sale Advertised on Social Media
ECMA warns the public against Gezana General Trading Share Company over illegal unregistered share sales advertised on social media platforms.
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Ethiopian Banks Enter a New Era: Capital Markets, OTC Reforms, and the Road to Listing
The ESX amends OTC Market rules with stricter admission, enhanced reporting, and clearer enforcement to boost capital market transparency.
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ECMA Registers Over 9.6 Million Existing Shares of Abay Bank
ECMA has registered 9.6 million existing shares of Abay Bank under Ethiopia’s new capital market framework, advancing securities market reforms.
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ESX Expands Trading Membership with Siinqee and First Addis Investment Banks
The Ethiopian Securities Exchange (ESX) has onboarded Siinqee Investment Bank and First Addis Investment Bank as its newest trading members, expanding Ethiopia’s...
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Draft Insurance Law Signals Major Market Opening and Regulatory Shift in Ethiopia
A new draft insurance law could open Ethiopia’s market to foreign insurers, introduce an independent regulator, and enable innovation through a regulatory...
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Ethiopia’s Capital Market Regulator Warns Against Illegal Share Sales Linked to “Arba Minch Water” Project
Ethiopia’s Capital Market Authority warns investors against незаконные share sales linked to “Arba Minch Water,” citing violations of securities law.
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Awash Bank Lists on Ethiopian Securities Exchange, Boosting Capital Market Confidence
Awash Bank S.C. has officially listed on the Ethiopian Securities Exchange, marking a significant step in Ethiopia’s capital market development and boosting...
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Prime Capital Secures Investment Banking License in Ethiopia’s Growing Capital Market
Prime Capital S.C. has been licensed by the Ethiopian Capital Market Authority as an investment bank, marking a significant milestone in Ethiopia’s...
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Bank of Abyssinia Completes Electronic Share Registration Ahead of Capital Market Listing
Bank of Abyssinia completes electronic share registration with ECMA and CSD, requiring shareholders to convert physical certificates ahead of ESX listing.
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Ethiopian Securities Exchange Launches “Neway” Mobile Trading App to Expand Investor Access
The Ethiopian Securities Exchange (ESX) has launched its first digital trading platform, introducing the “Neway” mobile and web application designed to expand...
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Ethiopian Securities Exchange Reports Record 87.4 Billion Birr Weekly Interbank Turnover
Ethiopia’s interbank money market has posted its strongest weekly performance since launch, with commercial banks trading 87.4 billion birr in overnight funds...
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Dashen Bank Opens Shares to Public as ESX Listing Nears.
Dashen Bank has opened its remaining shares to the public following the completion of its exclusive rights offer to existing shareholders, marking...
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Ethiopian Capital Market Authority Registers Securities of Addis Convention Center and Bank of Abyssinia
The Ethiopian Capital Market Authority (ECMA) has approved and registered securities issued by Addis International Convention Center S.C. and Bank of Abyssinia...
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